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FOX
Jan 10, 2013 7:00am EST
him and they won't go to gnats over this. >> this dollar bill has tim geithner's signature on it. and there it is. this is how it would look on a dollar bill. in washington, doug luzader fox news. >> jury selection will likely begin today in a prince georges county courtroom for a police officer accused of murder. arrested richmond phillips back in 2011. they say he killed 20-year-old wynetta wright. opening statements could begin on monday. >>> disturbing allegations. a day care worker accused of kicking a 2 year old. >> and turns out$2 year old. >> and turns out the facility isn't even license. melanie is in the news room with the story. good morning. >> as we know this is every parent's nightmare. police are not releasing the cell phone video that catches the assault. 19-year-old jonathan desmond was arrested. police say he admitted to kicking a 2 year old boy under his care at the home on emberwood drive. an investigation found the home day care was unlicensed. he was helping to care for as 30 or more children there. >> he knew the proper training. how do you have someone 19
FOX Business
Jan 10, 2013 4:00pm EST
discussed. this from treasury secretary tim geithner who was really installed to deal with the financial crisis. at this point the president is making his pick to deal with federal budgets. the nominee, jack lew, was the budget director for president clinton. here at the obama white house for all these major budget fights he has been at the president's side. >> over the past year i've sought jack's advice on virtually every decision that i have made from economic policy to foreign policy. now one reason jack has been so effective in this town because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras. and over the years he has built a reputation as a master of policy who can work with members of the both parties and forge principled compromises. >> republicans have another take on that reputation. this from senator orrin hatch of utah saying since mr. lou participated in numerous budget negotiations with congress and with four consecutive years of over a trillion dollar deficits, the american people deserve to know, not only that this n
CNBC
Jan 4, 2013 1:00pm EST
, is jack lou the right person to replace tim geithner as treasury secretary? and how will apple react it samsung widening its lead over that company in the battle for the smart phone supremecy. more ahead on our power rundown. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile,
CNBC
Jan 10, 2013 2:00pm EST
work. thank you. >>> by the way, breaking news. tim geithner will stay on as treasury secretary until january 25th. that is, of course, not assuming if jack lew is confirmed. geithner is probably gone either way but he will stay on a couple more weeks for the president. so tim geithner will stay on until january 25th. >> the taxing amount of time it will take us to do our taxes this year. it is today's thing that makes you go hhmmm. >> and has gold lost its shine? or is now a golden opportunity to buy? stick around. [ male announcer s joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ♪ [ male announcer ] some day, your life will flash before your eyes
FOX News
Jan 10, 2013 10:00am PST
. a little more than four years ago i stood with mr. tim geithner and announced him as my first nominee to my cabinet. we were barely two months into the financial crisis, the stock market had cratered, the housing market had cratered as well. bank after bank was on the verge of collapse and worst of all more than 800,000 americans would lose their jobs in just that month. and the bottom was not yet in sight. so, i couldn't blame tim when he tried to tell me he wasn't the right guy for the job. but i knew that tim's extensive experience with economic policy made him imminently qualified and i also knew that he could hit the ground running. as chairman of the new york federal reserve he had just spent several sleepless and chaotic weeks immersed in the complexity of the crisis and had been working closely with his republican predecessor at treasury to save the financial system. then, with the wreckage of our economy still smoldering and unstable, i asked him to help put it back together. thanks in large part to his steady hand, our economy has been growing again for the past three years, our b
CSPAN
Jan 10, 2013 5:00pm EST
, the president of the united states, accompanied by tim geithner and jacob lew. >> good afternoon, everyone. please have a seat. a little more than four years ago i stood with mr. tim geithner, the first nominee to my cabinet. we were two months into the financial crisis. the stock market had cratered. bank after bank was on the verge of collapse. worst of all, more than 800,000 americans would lose their jobs in just that month. at the bottom was probably not yet in sight. i could not blame tim when he told me he was not the right guy for the job. [laughter] but on news that tim's extensive experience with economic policy made him eminently qualified and i knew he could hit the ground running. as chairman of the federal reserve, he had just spent chaotic weeks emerged in the crisis and had been working with the treasury to save the financial system. then with the wreckage of our economy still smoldering, i asked tim to help us put it back together. thanks in large part to his steady hand, our economy has been growing for the past three years. our businesses have created nearly 6 million ne
Current
Jan 11, 2013 3:00am PST
to the -- presenting to the nation his nominee to be his next treasury secretary tim geithner is finally leaving and the president turned to his former budget chief, now chief of staff soon to be treasury secretary, jack lew. president obama saying too bad to see tim go but we've got a good guy coming in. >> obama: i understand tim is ready for a break. obviously we're sad to see him go. but i cannot think of a better person to continue tim's work at treasury than jack lew. >> bill: and the president said jack's my buddy. good having him around here but higher duty calls. >> obama: i don't want to see him go because it's working out really well for me to have him here in the white house but my loss will be the nation's gain. >> bill: i lost the nation's gain. -- my loss, the nation's gain. one interesting thing this is what's been getting most of the talk about yesterday's nomination is not necessarily what -- how good a job jack lew will do as treasury secretary. he's a very talented guy. i think he will be a wonderful treasury secretary. and just the right person to have at the president's sid
CNBC
Jan 10, 2013 9:00am EST
to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know, may be a little affinity, we grew up in the same town. >> that alone could be good. >> different generation. >> maybe a technocrat is what's necessary. no one tells me this guy is acrimonious. the talks may have been. but when we're trying to figure out what to cut, maybe you just need a guy who knows his way around the budget as opposed to a federal reserve guy. i thought tim geithner did a great job, though, and i know i find myself in the minority on that, but he came to the rescue of the system in apparel husband time and i think he good a remarkable job. >> jack lew is well respected by both sides of the aisle. an
FOX Business
Jan 8, 2013 1:00pm EST
secretary, but what's the future have in store for tim geithner? details ahead. melissa: mcdonalds 2*esing chicken wings in the fast food restaurant. stocks down 73 points issue and the dollar is stronger there versus the euro and the pound. we'll be right back. ♪ ♪ melissa: 21 minutes past the hour. the fox news minute, border tensions rising after pakistani soldiers killed to indian soldiers in the disputed kashmir region. they are accused of disresulting a cease fire held for over a dead. both countries claim the area, but the area is divided between them. former representative giffords, and her husband launching gun control initiatives seeking to reduce gun violence and prevent mass shootings. today the the go year anniversary after a gunman killed six and critically injured give fards. opening an investigation into the death of a lottery winner last summer. after new tests determine he died of cyanide poisenning and not natural causes. the family urged medical examiners to re-examine the case. those are the headlines, back now to melissa and lori. melissa: thank you so much. jack
FOX Business
Jan 9, 2013 6:00pm EST
, you may have disagreed with tim geithner, but at least he ran the new york fed. he knew the players, the wall street bankers, the issues. of the company's work. what is he going to tell us? i think it is rare for him to be in charge of the treasury. >> he has a great head of hair, which for i am calling from counts for a lot. [laughter] >> obviously has the confidence of the president of the portfolio, the treasury, the secretary of the treasury is enormously crucial. and one would hope that we are going to get the that we need all the things we have talked about, the segment on entitlement reform, the gst, the growth pattern in this economy which is absolutely appalling. gerri: and the labor department, the leaders in that, the positions are opening up. it will be interesting to see if that woman is replaced by a fellow. thank you for coming on. great job. thank you. >> thank you. gerri: now the latest developments on the story we brought you yesterday. aig. now, the company itself will not be joining a $25 billion shareholder lawsuit against the u.s. government over the terms of t
FOX Business
Jan 10, 2013 8:00pm EST
at citigroup. but to depict the treasury secretary, generally speaking, it is a job that converts tim geithner will know what his politics were. wall street was comfortable with him. neil: layoffs were announced today with american express. >> well, look, it's the greatest thing the world that taxes will go up on 99% of the people. and spending will go unchecked. it's that our government. it's bad for our country long-term. that is exactly what we see, and you are seeing something similar act in 1824 when we had the jacksonians that they block whatever they were going to do. neil: there is something that touched her greatness. a greatness of the movie. hollywood sees this opportunity to do more of this type of stuff. is that true? >> more of what? >> one historical movies. neil: ben affleck was nominated for a movie he was an. >> in. >> yes, i think he has a career in movies. but not in politics. i think he is going to do well and do his next project. also don't forget that the director was snubbed for "zero dark thirty." neil: is that right? so hollywood could be reversing that. >> maybe they
ABC
Jan 10, 2013 4:00pm PST
a surplus during his tha time. he is going to replace tim geithner. >> if confirmed i look forward to joining the treasury department whose people are legendary with skill knowledge. >> lew became president obama's chief of staff last year and has a reputation of a tough bargainer but republicans say he has been too unyielding in past negotiations. >> it nearly fell through because of lew's signature. you can see it. that signature would appear on all u.s. paper money if he is confirmed. president obama said he never noticed it at before, he quote, considered rescinding the offer. he says he will try to improve his handwriting. >> do they still teach penmanship? >> sleeping pills that millions of americans use. >> plus, this animal has caused a lot of frantic 911 calls. is it a baby lion or a dog? we'll introduce you to him up next. >> and i'm sandhya patel. skies are clearing out. the chill is moving in. get ready for a freezing cold night. freeze warnings and frost advisories coming up. >> another live look at traffic and golden gate bridge moving smoothly and oncoming traffic co
CBS
Jan 8, 2013 4:00am PST
house chief of staff, to be the next treasury secretary replacing tim geithner. that would require a new chief of staff. this could be part of a larger shuffling of the president's team. >> susan mcginnis in washington this morning. thank you very much. >>> one of the critical issues of the president's foreign policy agenda is the winding down of the war in afghanistan. this friday, mr. obama meets with afghan president hamid karzai. they'll meet in washington to discuss u.s. troop levels in the afghan army. a key issue -- how many u.s. troops will remain in afghanistan after 2014. >>> a grim search resumes this morning for two new jersey teenagers who fell through the ice on a frozen lake. the lake is located about 50 miles northwest of new york city. the boys were walking on the lake last night about 200 yards from shore when they fell in. two residents heard calls for help, got into a boat and tried to reach the teenagers but were not successful. >>> overseas, five americans were among the victims of a helicopter crash in peru. the twin motor copter crash
CBS
Jan 9, 2013 5:30pm PST
that unless he takes a penmanship lesson from tim geithner, whose signature looked like this until he became treasury secretary and made it legible. secretary of state hillary clinton told reporters today that she is thrilled to be back at work, but she said it is bittersweet because she will soon be stepping down. the secretary said she wouldn't call it retirement, just stepping off the very fast track for a little while. we'll tell you why some of baseball's biggest stars didn't make the hall of fame today. an interview on the lance armstrong investigation is making news. did the cyclist try to buy his way out of a doping investigation? and what could be the worst wildfire in the world right now. when the "cbs evening news" continues. of using toothpaste to clean their denture. but dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains cleaning in a better w
MSNBC
Jan 8, 2013 2:00am PST
treasury secretary tim geithner said he figured out a way to keep the government defaulting on the debt for two months? not so fast. a new analysis by the bipartisan policy center says the u.s. may default a month earlier than expected. they say the government will likely run out of money to pay its bills between february 15th and march 1st. we hit the $16.4 trillion debt limit on december 31st. the treasury department said they were taking "extraordinary measures" to put off default. the debt ceiling debate is set to be the next big showdown in washington. both republicans and democrats have vowed to hold firm in their position. >>> and speaking of government spending, a report published monday says the obama administration spent $18 billion on immigration enforcement last year, more than on all the other federal law enforcement agencies combined and 15 times greater than immigration spending in 1986. the nonpartisan research group the migration policy institute says immigration has become the government's highest law enforcement priority. among those likely to be unhappy with that rep
FOX
Jan 8, 2013 5:00am PST
to replace tim geithner. if he is confirmed, he will work with congress to raise the debt ceiling and also the president will have to work with a new chief of staff. >>> they have approved new zephyrs pay -- severance pay under the done ask done tell law. the settle -- don't tell law. the settlement comes after the vote last fall. >>> the two electronic's company are fighting on several fronts. today it will lead to selling it here in the u.s. and it includes gallon lassie includes 8 of its parents and they are not being compensated. the battle -- 8 of its patents and they are not back compensated. >>> we now know the name of a woman who crashed into a pond and died. she lost control of her car on the on ramp and it hit a curb crashed through a fence and went right into the water. dive teams tried rescue her but it was too late and the cause is still under investigation. >> they gave tough approval and the council unanimously included medical marijuana and electronic cigarettes. this includes commercial sidewalks and this takes affect next month. other limits will be phased in next year. >
FOX
Jan 10, 2013 6:00am PST
.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one of each of those. at auto show starts at 10:00 and runs through -- at 10:00 this morning and runs through sunday. >> i'll take one for sal and one for me and you and steve. >>> if you want to get into your hot rod or whatever car you use, you need to give yourself some extra time in this commute. 680 southbound is going to be a little bit slow. there are no major problems if you are driving at the bay bridge toll plaza but seems a touch lighter than usual. and it's not all that bad on the bridge itself. traffic looks good, a little bit of wet roads and you might even encounter some black ice. through burlingame and 101 you may see it let's go to steve. >> on the coast things can be very active and in fact that is favoring some shower activity going
Univision
Jan 11, 2013 5:00am EST
secretario del tesoro, en reemplazo de tim geithner.y al menos 41 estados del pais reportan contagios generalizados del virus de la influenza, un aumento de mas del 30 por ciento en relacion con la semana pasada. se han reportado ya al menos 18 muertes.la primera informacion en despierta america. ♪. >>> surge la primera demanda contra la compañía de la cantante jenni rivera por la muerte de 4 de sus allegados en el accidente aéreo del 9 de diciembre que también cobró la vida de la diva de la banda, tenemos la información con magaly ortiz, adelante. >>> gracias, qué tal, hasta los Ángeles viajó cynthia rivera hermana de arturo rivera, para hablar en conferencia de prensa a nombre de los familiares de las otras 3 víctimas que murieron en el accidente aéreo. >>> en al conferencia de prensa asistiró un experto en aeronáutica que cuestionó la situación. >>> en este momento aún estamos aprendiendo poco a poco los elementos que dieron lugar a la tragedia ,al momento no sabemos quién dentro de la empresa rivera tuvo responsabilidad para elegir este avión tan antiguo para
ABC
Jan 10, 2013 6:00am EST
house chief of staff jack lew as the next treasury secretary. he would succeed to the tim geithner who plans to resign later this month. some republicans say the federal budget has been un yielding in past negotiations. we will talk about why lew's said bichir is being scrutinized. >>the fcc is expected to release its findings on the 911 outages. it will save the outages were avoidable and it was because the telephone company did not follow its own procedure. the outages lasted for several hours. the problems continued for days. >> robert griffin iii is looking to the future after successful surgery on his injured right knee. >> is doctors said he had a direct repair of the lcl and a redo of his previous acl reconstruction. some fans believe his injury would not have been as severe if coach mike shanahan had set him out. >> it was painful to watch. i'm not a football coach but it sure seemed like as remarkable a player as he is, he was not in a position to continue playing. >> the doctor expects he will make a full recovery because he is highly motivated. d.c. mayor vincent gray is exp
FOX
Jan 9, 2013 10:00pm EST
of staff he would replace tim geithner. jeff session said if lou is nominated he will try to block his nomination saying he mislead congress ability the obama -- about the obama plans to reduce the national debt. >>> national cathedral will host, same-sex marriages. they decided the new policy when the marriages became legal in dc and maryland. >> i think there is a pretty good consensus in the church about same sex blessing and in places where same-sex marriage is legal. because of our stature goes beyond the episcopal church we are trying to speak out to the christian and interfaith community around the country we stand for marriage equality and with lgbt people. >> individual priests can decide whether they want to officiate. >>> health alert. at a local er one of the hospitals where flu case have taken a dramatic spike. >>> a frightening ferry crash in new york city into a manhattan dock. >> more than 30 children found in one home day care, that wasn't the only problem police found. disturbing charges at 11:00 p.m.  >>> this year's flu season is rapidly s
FOX
Jan 10, 2013 9:00am EST
this. >> one of the job is to sign the current see. this dollar bill has tim geithner's signature on it. what does jack lew's signature look like? we have one document after another that bears his signature. and there it is. this is how it would look on a dollar bill. in washington, doug luzader, fox news. >> as long as it's on money, it looks okay to me. the irs is calling on congress to simplify the tax code. the u.s. tax law contains more than 4 million words. trying to fill out their tax returns. that's according to the internal revenue services omsbu dsm an. 60% of filers will end up hiring someone else to do their taxes. >> probably a great way to go so you don't have to worry about messing it up and getting a call saying you owe me. >> great news for local schools. find out who ranks the best in the nation. >> and how about a bowl of humor for breakfast this morning. comedian/magician kevin lee is live. and he's serving up a performance you want to stick around for. time to check in with holly morris. >> reporter: you know what could be funny? we're doing antique appraisals and a
FOX
Jan 10, 2013 5:00pm EST
hits the j and leaves the rest. tim geithner changeed his signature to a more ledgible version when he took the job. >>> the cost of riding metro won't go up. some metro board members are concerned about the agency's financial future. sherri ly is lie with the latest. sherry? >> reporter: shawn, metro's general manager presented his proposed $1.6 billion operating budget. he doesn't rule out the higher fares in the 40 and right now, metro is asking cities and counties that it served to come up with millions more instead to keep the transit system running. metro riders expect to ante up. if not this coming year, then the next. the transit agency expects fares to go up every two years at a time when many riders are feeling the pain of last year's price hike. >> the board policy that every two years we would have an increase and it's up to the board to decide if they want to do that or not. >> reporter: the possibility of future fare hikes frustrates many riders who have not seen the return for their money. >> and i pray it's only growing pains but seems to be actual quality is diminished
CBS
Jan 10, 2013 4:30am EST
. if confirmed he will replace tim geithner who is stepping down. his confirmation process is not expected to be too difficult. >>> labor secretary hilda salicious resigned her post and is expected to return home to california. she won praise from the labor unions for aggressive enforcement of wage and hourly laws. business groups have criticized her, though, for the same reasons. >>> a d.c. police officer has been arrested and charged with first degree child sex abuse. wendell palmer is a 22-year veteran of the force now on leave pending the outcame of -- outcome of this criminal case. >>> it's happened again in louisa county, virginia. an earthquake. around 6:30, a 2.0 magnitude quake shook the county. it was the epicenter of the huge quake we all felt in august 2011 2011. >>> boston, massachusetts has declared a public health emergency all because of this amazing flu that's sweeping the country. this year's flu season started earlier and is hitting harder than it has been in recent years and that's putting a strain on the health care system. >> it's not just massachusetts. 44 states are
CNBC
Jan 10, 2013 6:00am EST
daley. >> and when tim geithner was picked, having worked closely with hank paulson at the federal reserve bank during the crisis, people were comforted by that. they said, well, maybe he's not so liberal. well, as it happened, larry summers was an advocate of more stimulus than others in the administration. so you can't necessarily read that much. events are going to dictate, i think, whether this president adapts his own view necessary a way that people interpret it as going to the center or not. but for the moment, he knows where he is and where he wants to go. and he's picking somebody who can help them achieve his agenda. >> you know, the thing you point out, that this is a situation where business leaders probably wanted one of their own, they may argue they want somebody in there looking for pro growth policies. but maybe more important is somebody who was very familiar with the financial markets. that was somebody that tim geithner created a lot of confidence because he knew the markets so well, knew the underworkings. and when there were big issues, you knew there was some
FOX Business
Jan 4, 2013 11:00am EST
but winning and the cme group parent of the cme itself. be right back. >> may replace tim -- tim geithner's treasury secretary, is it time for a ceo to join the tablet? the platinum closed. what president obama may stick to the republicans by minting a platinum:. looking for extra cash? how about selling your old cellphone? big ideas with the man who has automated that process. 30 past the hour and stocks now as we always do every 15 minutes. looking at gm. nicole: big news since we got gm and ford this week. these stocks have done so well, we hit new 52 week highs the general motors pulling back 1/4% on a recall. let's break it down all little bit recalling more than 69,000 trucks and vans globally and the problem is a steering column defect. you park your truck and it could potentially role way. we're talking about some names, if you have a general motors truck you should delve into this more but at first glance it is looking like a 2013 cadillac escalade and chevy avalanche, not clear what your those are but you should look into this because it could potentially be a problem. recalling
CBS
Jan 10, 2013 7:00am PST
tim geithner. >> and today a team of federal investigators are focusing on why a commuter ferry slammed into a manhattan peer. people were wounded, one critically. >> people were on the ground. >> there's been an explosion in greece claiming the car booming is related to the defense ministry. >> a dozen of killer whales are trapped under sea ice. >> oscar nominations are out, "lincoln" leading with 12. >> barry bonds, roger clemmen, sammy sosa all face accusations of steroid use shut out by the baseball hall of fame. >> off the window to himself! >> turning on the channel right now. >> they clearly don't know the contact. >> all of that matters. >> hillary clinton made the first public comments after off a month dealing with a concussion and blood clot. >> i'm thrilled to be back. >> the president hosted a screening of 1600 penn with send tars who keep embarrassing the white house. as joe biden put it, why is everything looking? >>> welcome to "cbs this morning." we begin with a dangerous turn in the nationwide flu outbreak. the mayor of boston just de
CNBC
Jan 9, 2013 9:00am EST
remaining stake in gm. >> the president could name a new treasury secretary to replace tim geithner as early as this week. former fdic chair sheila bair is here on what that could mean for the debt ceiling debate. >>> another day, another bank call. this one, though, in the opposite end of the spectrum from what we've gotten recently. credit suisse downgrading bank of america citing valuation cause for concern. pleasure to have you with us. >> thanks for having me. >> seems like the primary driver behind this is the huge run we've seen in bank of america, the fact that right now it's trading at a multiple of 2013 earnings that exceeds jpmorgan as well as citi. does that imply that where citi and jpmorgan are trading, is that where bank of america should be trading? >> no, it's not at all. because bank of america does have a lot of cost reduction opportunities. on 2014 estimates, it's only one multiple point difference than 2 1/2. it narrows over time. but the issue really is, you know, are those cost cuts going to come in a straight line and could there be any interruptions. >> this almost s
CNN
Jan 5, 2013 3:00pm PST
answer, because you have seen your name floated out there as a possible successor to tim geithner. >> and the reason i say that is look, i -- i'm 67 years old. i have been gone from home for over a dozen years, doing various public service things. and i have come home, i have got nine grandchildren under seven, and i really want to stay home. so i don't want a full-time job either in the public or private sector. >> one final question, how disappointed were you that the president rejected the simpson-bowles recommendations? >> well, look, i was disappointed at the time. but i came to understand was that his goal was to use it as a framework for his discussions that he had with speaker boehner back in gosh, almost two years ago now. in his first effort to get a grand bargain. he felt that was the best way to be successful. if he had been right, he would have proven to be a political genius. unifor unfortunately, he was not. they didn't get a deal one and i was very disappointed. >> yeah, i think that was an historic moment to get that grand bargain. i know you worked hard on it wit
CNN
Jan 6, 2013 7:00pm PST
. >>> president obama has more spots to fill in his cabinet, tim geithner is expected to leave sometime around the nomination. there's a vacancy at the cia since general david petraeus stepped down. a source tells cnn a short list includes counter terrorism and homeland security adviser john brennan as well as acting cia director michael mother el, the man wearing the red tie in the video. >>> the attorney for one of the two ohio teenagers charged with rape wants a judge to postpone and move his clients trial. the 16-year-old high school football players are charged with sexually assaulting a girl last summer. the alleged attack took place at several parties over the course of the night. adam told cnn he wants the case moved out of steubenville. >> given its publicity and what we perceive as threats to individuals, perhaps witnesses and also defendants and defense council, we're concerned about safety issues at this point. secondly i'm concerned about whether or not the kid should be tried in this area. perhaps the fact that it is in the steubenville area is it's going to prohibit certain peop
Current
Jan 4, 2013 4:00pm PST
the right to print money. however the treasury and tim geithner can mint a coin. they can walk over to the federal reserve, deposit in the federal reserve and then all of our debts would be erased. any economics 101 would say that is not the way to run the government. you would have crazy inflation in this case is what is crazier than the 3 trillion-dollar coin is the debt ceiling. congress has always raised the debt ceiling. only how have they fought the white house. well, it's for debt that the congress has incurred. it has to go up. the idea that this 3 trillion-dollar county could get them back the debt ceiling on a technicality is something that makes sense. >> cenk: so it's an absurd idea. understand first of all if they're not going to put it into circulation. if they put it in circulation then they would have inflation. but if they're not going to put it in circulation then what is. this all about? i guess it's the technicality to say technically we still have money. but if you had to actually use it. >> it means that they don't have to issue t-bills or auction off treasury
FOX Business
Jan 9, 2013 4:00pm EST
they were. when you got past geithner, tim geithner, the treasury secretary the rest of them were almost nonentities. he was a real nonentity. the person driving the economic agenda is valerie jarrett. it will be interesting to see how valerie jarrett meshes with jack lew. another story we had had first here on fox business. ashley: aig. >> why did they say no to hank greenberg? there are many reasons why. i'm getting this from inside the company. they were not going to join this lawsuit earlier today. it was, it is so obvious. aig right now is applying to be about is known as a sieve if i firm. ive if i firm. system i financially important firm. systemmally important financial institution they are applying for that. guess who you don't sue. ashley: the federal government. >> this was a nonstarter from the minute they looked eight. should also point out another reason why, they have an ad campaign where they basically talk about how they're thanking the american tax pay fore --. ashley: turning around and suing the taxpayers essentially. >> those two things. systematically important issu
FOX News
Jan 8, 2013 2:00pm PST
with graham. sources say president obama will pick white house chief of staff jack lew who would replace tim geithner who will be stepping down. reaction to the news that planned parenthood took many more federal money and performed more abortions last year than ever before. "special report" starts at 6:00 eastern from washington now. back to new york and my colleagues with "th." ♪ ♪ >> dana: welcome backbe to "the five." we have been having great time in the commercial breaks and we'll tell you later on twitter what was said. this is what we're going to talk about now. internships, important ways to get -- no, not that. not that kind of problem with interns. internship is very important. probably all of us had internships along the way. some are paid and some are unpaid. charlie rose had to settle the lawsuit to pay college interns minimum wage, like $250,000 lawsuit. did you intern? >> andrea: i did. >> dana: in addition to working at the diner in >> andrea: yes. >> dana: that is the difference. you two, i am trying to hold it together here. interns, should i go this way over here? did
FOX News
Jan 10, 2013 12:00pm PST
nominating his current chief of staff, jack lew, to replace tim geithner. before jack lew joined the white house administration he served as the chief operating officer of citigroup's global wealth management and served as president bill clinton's budget director and crafted a bipartisan agreement that sparked budget surpluses. the president said the loss of jack lew as his chief of staff will be the country's gain. >> i trust his friendship, very few people with greater integrity than the man to my left. so i don't want to see him go because it's working out well for me to have him here in the white house. >> shepard: but he already had some strong opposition. especially from the top republican lawmaker, jack session, who said, jack lew must never be secretary of the treasury. we have the author of the book, how winners -- jeff sessions can say that. >> this is all about -- >> how can he say thing. >> this is posturing for the big battle everybody knows is coming. the first thing lew will do, the debt ceiling standoff, budget cuts, the same battle we have been hearing about and everything
ABC
Jan 7, 2013 3:00am PST
treasury secretary. tim geithner is the last original member of the president's economic team. he leaves as three major deadlines loom. by end of february, the treasury will lose the power to borrow more to pay america's bills. across the board spending cuts to every federal program kick in on march 1. the government will run out of all congressional funding by the end of march. the current chief of staff is expected to inherit those headaches as geithner's replacement. president obama promised quick action on vice president joe biden's proposals on new gun control laws following the shootings in newtown, connecticut. >>> in newtown, connecticut, they are being overwhelmed by donations. though town officials said they have more than they can handle, toys, school supplies and other gifts keep pouring in in the wake of the massacre newtown now has a warehouse to hold the items being trucked in every day. a task force will figure out how to deal with all of the donations. >> people just want to feel like they're doing something. >> yes. >>> as we have reported the obama administration is pr
KOFY
Jan 9, 2013 9:00pm PST
variety of experience. if confirmed he would replace tim geithner. because of the possible nomination, lew is taking fire for messy signature. that is what you seeing believe it or not. that says jack lew. they call it the world's worst significant. the signature is generating so much interest it would appear on all dollar bills if he is confirmed. he would try to improve his pen manship if he gets the job. >> it turns out that 90% of filers will pay a tax preparer or use a computer software service. tax code is ten times longer than the bible. complicated tax laws even have irs driag until january 30th so it can catch up with the new laws that are out there. >> there is no sort aj of things you can buy on ebay. the san jose auction website has always wondered if it could streamline the process of selling on the site. business and technology reporter david louie explains the pilot project that ebay is now testing. >> they have six advance making the round in the south bay, new initiative to help people sell goods on the popular website. >> margaret, i'm here to pick up your items. >> ebay
MSNBC
Jan 5, 2013 11:00am PST
, possibly right before that with tim geithner's private calculations. >> how real is the concern among congressional democrats that as you crawl from crisis to crisis that it prevents the administration from advancing with long-range policies with regard to imgramigration or gun control. >> i don't think it should. the administration has enormous powers under existing law. for instance, they could institute large parts of the cap and trade bill which passed the house through regulation, through rule making and the president actually did institute a large part of what would have been our bill on immigration, the dream act through administrative action. the president has a lot of power and he should use it to solve the country's problems. >> how would you characterize your last stint in congress. how would you characterize that compared to this upcoming stint? >> well, we did a lot of good for a lot of people, particularly in our district and i think they'll be able to do it again. a lot of the best things that we did in the district had nothing to do with votes on the floor and the job
MSNBC
Jan 7, 2013 6:00am PST
of staff jack lew of management and budget is considered to be tim geithner's most likely successor and that's deputy national security adviser denis mcdonough. anything could change, but those could be the most likely picks. other members of the administration suggest they're heading for the exits and you would assume the stuff starts ranking up in the next week or so. lisa jackson announced her departure at the end of january and rebecca blank who took over in june after secretary bryson went on medical leave. also expected to leave ray lahood and ken salazar and steven chu. likely with appointments of lew and mcdonough you'll hear more voices demanding more diversity in that cabinet, if you will. how does the president end up solving that problem and create a cabinet that, "looks like america." >>> all right, picking a fight over the president's pentagon pick. one thing the left and the right can agree on. chuck hagel may have an uphill battle in the senate. next, we'll get the view from both sides. former romney campaign adviser dan seymour and dan clemens will be here for a deb
MSNBC
Jan 8, 2013 7:00am PST
to chuck hagel. no change in diversity there. cia director from petraeus to john brennan, no change. tim geithner to jack lou, no change there. john kerry is nominated to replace secretary of state hillary clinton, that's one less woman, the possible replacement with ashton carter, one less minority. and head of the epa lisa jackson, the first black woman to hold that title, her replacement is unknown. of hundreds of senior appoint ees and nominees, 48% were minority or women according to the national journal. and 13 out of 22 of his first cabinet members were diverse. that's a record. but it's not only about ethnicity and gender, the president could potentially nominate the first openly gay cabinet member. he could choose more with business executive experience. his team head count dropped 25% on that measure. age diversity is an issue too. right now two-thirds of obama's team are baby boomers. history shows cabinet choices have lasting effects, madeleine albright's nomination was followed by 15 years of diverse secretaries of state. farther back, president lincoln's cabinet strategy as
FOX
Jan 8, 2013 6:00am PST
next white house chief of staff tim geithner to raise the debt ceiling and the president also needs to finds a new chief of staff. >>> they approved extra severance pay for dozens of lesbians discharged under the don't ask don't tell bill. the 2. $4 million settlement covers veterans which received only half of their pay. don't tell don't ask was reformed last fall. they will take up two same sex marriage cases and it will come under proposition 8 which is to be heard and keeps them from recognizing those marriages for any purposes including healthcare and taxes. >>> the driver accused of killing two people in the mission district is due back in court this morning. 19-year-old david morales faces two counts of murder and several other felony charges in connection with the deadly crash on new year's day. investigators say morales was racing away from police following a shooting when he killed two innocent people. >>> a search for a missing man in skott's valley. he has not been heard from since he left his home friday morning. search teams are going to be looking near the empire grad
MSNBC
Jan 10, 2013 9:00am EST
, to replace treasury secretary tim geithner. a sign the white house expects a big fight over the federal budget lew is the safe pick. he has been confirmed twice by the senate before. just in this administration. if confirmed in time, he can face his first test next month over the debt ceiling. lew is a walk among walks. described in one profile by the huffington post. quote, as harry potter grew up and replaced his magic wand with excel spread sheets. if confirmed lew will be the highest ranking orthodox you don't in government. he grew up in queens. brings his own lunch to work. chose sandwich and an apple which he eats at his desk and still commutes back and forth to new york. catching a train home every friday to spend weekends with his wife. he is well liked in the white house. the p came to depend to the act not many people in washington know the budgeting process. >> jack's economic advice has been invaluable and he has my complete trust both because of his mastery of the numbers but because of the values behind those numbers. >> lew is a progressive whose interests in politics be
NBC
Jan 10, 2013 11:00am EST
treasury secretary replacing tim geithner. lew is currently white house staff and he's known as a tough bargainer and was involved in the debt ceiling with congress back in 2011 and, of course, the recent fiscal cliff talks. republicans aren't excited about the pick but it's unlikely they'll be blocking that nomination. keith, back to you. >> all right. thanks hampton. >> you got it. >>> we introduced you to a wonderful young man who was really hoping a family would come forward to adopt him after his appearance on "wednesday's child" last spring. we think the right family didn't happen to be watching so we want you to have an opportunity to meet ronald again. there was a chef's coat and an apron and finally, the making ronald ready for his first real lesson in cooking. >> you ever worked with pan he ta before? >> this chef of the art institute of washington's culinary school was giving ronald, an aspiring chef, a lesson in making pasta carbonera. his social worker says being a chef is one of the dreams that he has for the future. but she says he'd really like a future that would includ
NBC
Jan 10, 2013 4:00pm EST
that lew would work to make at least one of his letters -- tim geithner revised his own signature after he took off. >>> tonight is the premiere the nbc's new show "1600 penn." this sitcom follows president dave gilchrest through press conferences, cabinet meetings, state dinners, as he -- yesterday we sent our own gilchrist to catch up with president gilchrist. >> you actually are a gilchrist. my gosh. did you ever think that that name was a presidential name? >> reporter: you know it crossed my minute once or twice, but there's a story line to wake up watching morning news and thinks he's got a long-lost brother, that might be it. >> i think so that would be a great story line. >> i see this story goods on for many, many years to come. >>> you can watch the full interview on nbcwashington.com, just search pullman 1600 penn. it premiere tonight followed by a second episode at the regular time, 9:30, i think our gilchrist cleaned up to be president. he was in the tie looking very presidential. >>> i'm a fan. >>> coming up next at 4:30, the ugly crime two women committed at a beauty pretty
FOX
Jan 9, 2013 5:00pm EST
chief of staff is expected to replace treasury secretary tim geithner. white house officials have not confirmed it but sources are saying that president obama will choose this man, jack lou, to lead the treasury department. an announcement could come by the end of the week. he previously led the office of management and budget and oversaw international economic issues at the state department. >>> more details are coming in now about the presidential inauguration. the inaugural poet is richard blanco. he's the gay son of cuban american exiles whose work explores his family's experiences and in a new country. the inauguration is monday january 21st. [ singing ] mesh, america. >> she's got that song down, doesn't she? beyonce is so good. the presidential inaugural committee announced a super star performance list for the ceremony. this beautiful woman, beyonce, will sing the national anthem. kellie clarkson is going to perform "my country 'tiz of thee" and james taylor will sing "america the beautiful." >> going to be great. >> a-listers for sure. >> indeed. >>> coming up, the nation
FOX
Jan 10, 2013 6:00am EST
there on the screen. but it will be on every u.s. bill. the current secretary, tim geithner, had to change his sixty to make it legible too. so they have to have some writing lessons before they become treasury secretary. >> you would think that somebody that high up would have a more legible signature than that. >> it looks like graffiti. >> a little scribble-scrabble. >>> jerry sandusky face as a new court hearing. what his lawyers plan to tell the judge today. >>> president obama is putting a symbolic twist on this year's inauguration. why you may want to pay close attention when he takes the oath of office. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ buildi
MSNBC
Jan 6, 2013 9:00am PST
. >> chip, what do you think? tim geithner stepping down. how do you think it's going to impact? do you think, either of you, if the president were to ask tim geithner to stick around at least through that, like, listen, friend, can you extend this another six weeks because i don't want to go through a nomination fight in the middle of all of this as well, don't you think tim geithner would say okay? >> one thing i learned in politics, if the president of the united states asks you to do something, you usually do it. you do it enthusiastically. i think timothy geithner, i agree with what jimmy was saying, i think he knew for a long time he was leaving. they've had a long time to get their successor in place. i think it is going to be jack lew for a variety of reasons. in this fiscal cliff debate, we saw jack on the sideline and not fighting with the senators. think he was saving him for this nomination process. i think it is going to be jack. >> good to see you both. thanks, guys. >>> today's twitter question is how much control should congress have over a president's cabinet pick? here
CNBC
Jan 11, 2013 3:00pm EST
-- would it be fed chairman timothy geithner? tim is here to explain what he thinks tim geithner's next move is after treasury. >> forget the banks. the face's wealthier are increasingly turning to pawn shops for revolving lines of personal and business credit. details from this booming business from our very own jane wells a little later on in the "closing bell." impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> treasury secretary timothy geithner will formally step down two weeks from today, so what's next for him? steve liesman is here with an interesting take. steve? >> reporter: thanks, maria. geithner will stay at treasury until january 25th. unclear if that's going to mean a seamless tra
CNN
Jan 9, 2013 11:00am PST
tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and save hundreds with our best offer. get an adt security system starting at just $49 installed, but for a limited time only. that's an instant savings of $250. don't leave your family's safety to chance when you can take advantage of these savings now. call or visit adt.com/tv. both: i had a break-in. man: by the time we called the police, there wasn't much they could do. i felt so helpless. adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial records, things that insurance simply can't replace. [ male announcer ] protect yourself with the fast
FOX News
Jan 10, 2013 7:00pm PST
jack lew to replace the outgoing treasury secretary tim geithner. >> i cannot think of a better person to continue tim's work at treasury than jack lew. >> jack lew is very partisan, he's very political. >> he already has some strong opposition especially from the top lawmaker on the senate budget committee jeff sessions. you can't have somebody-- >> i trust his judgment, value his friendship, i know very few people get greater integrity than the man to my left. >> jack lew and the president don't think that spending is the problem. wasteful government spending is the problem. >> prosecutors say arias had one last tryst with travis alexander, killed him in a ferocious gun and knife attack. it's not a case of whodunit. it's a case of kill or be killed. if i didn't kill him, i myself would be killed. >> it's hard to play the victim of terrorism, when you've shot the guy in the head and slashed him or slashed him and then shot him in the head. >> and junior saey, doctors reveal-- >> junior suffered from chronic brain damage. severe brain damage, all the concussions, he suffered damage to
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